Stocks rose yesterday after the Federal Reserve kept interest rates unchanged and maintains a positive view on the U.S. economy. 

The index of pending home sales decreased 4.9% in December from the previous month, according to the National Association of Realtors.  The index reflects transactions where a contract has been signed but the sale has not yet closed. As a result, the index functions as an indicator for existing-home sales reports in the coming months.
 
The Federal Reserve held their benchmark fed funds interest rate steady yesterday, as the economy stayed on a moderate growth path.  The central bank’s description of the economy was unchanged from six weeks ago: the labor market remained strong, growth was helped by consumer spending, and inflation remained below the 2% target.  The Fed kept its benchmark fed funds rate steady in a range between 1.5% and 1.75%.

The aerospace giant Boeing reported their first operating loss since 1997, losing $2.33/share last quarter.  The stocks traded higher though as investors cheered the new CEO’s turnaround plan.
 
With Northwest Quadrant Wealth Management, I'm Tyler Simones